Systems and Methods for Distributing Tokenization and De-Tokenization Services

Abstract

This disclosure describes systems and methods related to distributing tokenization and de-tokenization services. Information associated with a proposed payment transaction may be received by a payment transaction service provider system. The information may comprise a token generated by a tokenization service provider. A de-tokenization service provider separate from the tokenization service provider may be identified based at least in part upon the received information. The token may be routed by a payment transaction service provider system to the de-tokenization service provider for processing.

Description

RELATED APPLICATIONS[0001]This application claims priority to U.S. Provisional Patent Application No. 61 / 613,240, entitled “Systems and Methods for Distributing Tokenization and De-tokenization Services,” filed on Mar. 20, 2012, the contents of which are incorporated by reference herein in their entirety.TECHNICAL FIELD[0002]Embodiments of the disclosure relate generally to payment transactions, and more specifically to the distribution of tokenization and de-tokenization services in conjunction with payment transactions.BACKGROUND[0003]A wide variety of payment devices are utilized by consumers in association with payment transactions. Increasingly, mobile devices and other contactless payment devices are being employed in conjunction with payment transactions. Typically, a contactless payment device includes near field communication (“NFC”) functionality (or other contactless functionality) that facilitates the communication of data from the payment device to a recipient NFC reade...

AI Technical Summary

Benefits of technology

The patent text describes a computer system that generates a one-time code (token) for use in a payment transaction. The computer system receives a request for a token from a user's device and generates it accordingly. The generated token includes information that helps identify a separate system that will de-tokenize the transaction. The computer system then sends the generated token back to the user's device for use in the payment transaction. The described technology simplifies the process of generating and using tokens for payments.

Problems solved by technology

However, in certain situations, such as situations in which a mobile device does not include a secure element, information stored on a payment device and communicated from the payment device to a merchant point of sale (“POS”) device is vulnerable to security attacks.

Accordingly, it may not be safe to store static payment credentials on unsecured payment devices.

However, as the number of transactions increases, a tokenization service may become overloaded with tokenization and de-tokenization requests, thereby becoming a bottleneck in transaction processing that increases transaction delays.

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